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This change in direction may simply be driven by sales.
Zweig also said earnings growth should be driven by sales, not by one-time gains–and not padded by the use of excessive debt.
The results will be driven by sales to telecommunications carriers, which rose more than 80% during the quarter, the report said.
The consumer products giant expects fiscal second-quarter financial results to be driven by sales and volume increases, especially in health care and beauty products.
Zweig says that cost-cutting measures can go only so far, and that continued earnings growth must be driven by sales growth, so my model looks for stocks that have a sales growth rate that is comparable to earnings growth.
As expected, much of the growth will be driven by sales in North America, Europe and Asia, as well as support from vendors like Apple, Adobe, Google and Microsoft.
Similar(53)
But Nigel Oddy, chief executive, said: "This turnaround has been driven by sales.
The improvement over last year's sales was driven by sales of fresh pork and packaged meats, which both improved during the quarter.
But it became apparent in the conference call that growth was driven by sales in markets like South Africa and Indonesia where prices and service revenue are low.
Canalys is forecasting that Microsoft's share of the global smartphone operating market will increase to 6 percent by the end of this year, from 1.3 percent in December, an increase primarily being driven by sales of Nokia's Lumia handsets.
Kathy Matsui of Goldman Sachs says that much of the improvement in corporate profits since late 1999 has been driven by sales growth rather than restructuring—at a time when, if anything, the pace of restructuring needed to be stepped up.
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